CIS countries to create common labor market

Baku, November 17 (AzerTAc). Experts from member countries of the Commonwealth of Independent States have come together in Minsk to review and agree on the draft Concept of phase-formation of the common labor market and labor migration in the CIS states.
The concept includes a system of views on the principles, objectives and stages of a common labor market formation, priorities and mechanisms of implementing policy in the sphere of social and labor relations. The creators of the document took into account an analysis of major trends, national and regional aspects of the labor market formation, socio-economic consequences of the decisions, creation of the legal framework of general labor market and labor migration.
The CIS Executive Committee said that the establishment of a common labor market as an integral and necessary part of a common economic space would be an important factor of economic growth of the CIS states. According to representatives of the CIS Executive Committee, the common labor market will mutually benefit to the promotion of the integration processes within the organization.